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Started By
Message
Why is gold going down?
Posted on 2/28/20 at 8:47 am
Posted on 2/28/20 at 8:47 am
With the stock market tumbling I thought gold would be up. It was up pretty big earlier this week, but has since fallen off. Any insight?
11
Posted on 2/28/20 at 8:51 am to Oddibe
Sharps are moving back into stonks at 10-20% discounts
Posted on 2/28/20 at 8:56 am to Thib-a-doe Tiger
quote:How can I buy some of 'dem stonks??
Sharps are moving back into stonks at 10-20% discounts
EDIT to add:
Gold is a "fear asset" according to Warren Buffet.
People buy gold when they are scared.
Gold going down today (by $20/oz as I write this) tells me some of the CVID-19 fear is starting to wane.
This post was edited on 2/28/20 at 8:57 am
Posted on 2/28/20 at 8:59 am to Oddibe
Larger funds selling some off to take leveraged downside positions to try to hedge against what is going on. Market today proves that fear is not waning.
Posted on 2/28/20 at 9:03 am to Oddibe
Margin calls.
Posted on 2/28/20 at 9:04 am to TejasHorn
quote:On what?
Margin calls.
Posted on 2/28/20 at 9:04 am to hombreman9
quote:
Gold going down today (by $20/oz as I write this) tells me some of the CVID-19 fear is starting to wane.
quote:These statements contradict each other but I guess both could still be true.
. Market today proves that fear is not waning.
Posted on 2/28/20 at 9:06 am to Oddibe
Zero inflation.
Posted on 2/28/20 at 9:19 am to Janky
Janky my IRA keeps going down. Make it stop
Posted on 2/28/20 at 9:24 am to Janky
quote:Winner
Zero inflation.
Posted on 2/28/20 at 9:24 am to hombreman9
quote:
Larger funds selling some off to take leveraged downside positions to try to hedge against what is going on. Market today proves that fear is not waning.
Retail is always behind institutional. Ask yourself why gold was rising as we were hitting ATH in the market. Institutional started the selloff, and they are averaging down as retail starts to panic
This post was edited on 2/28/20 at 9:32 am
Posted on 2/28/20 at 9:29 am to Oddibe
Gold is still a safe haven for investors but not like it use to be imo. Too many other ways to hedge/invest to take advantage of a down trend these days.
Posted on 2/28/20 at 9:46 am to Thib-a-doe Tiger
quote:
Janky my IRA keeps going down. Make it stop
I unplugged mine and that seemed to have worked.
Posted on 2/28/20 at 9:50 am to Oddibe
Posted on 2/28/20 at 9:54 am to Oddibe
Everyone is selling everything. The only safehavens are cash, antibacterial soap, and surgical masks.
Posted on 2/28/20 at 10:04 am to Oddibe
People are selling it to cover margin calls.
Posted on 2/28/20 at 10:10 am to 385 Tiger
Agree with margin calls. People not selling what they want. They are selling what they can.
Posted on 2/28/20 at 10:12 am to 385 Tiger
The metals are getting crushed this week. But They will moon when we start getting accomodative policy guidance from the Fed.
Posted on 2/28/20 at 10:13 am to Oddibe
Maybe the the correction is starting to slow if people are divesting gold.
This post was edited on 2/28/20 at 10:15 am
Posted on 2/28/20 at 10:55 am to dewster
Anybody want to argue the institutional investors aren't dumping money into SPY? We had a $6 jump in an hour
This post was edited on 2/28/20 at 10:57 am
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